Germany's foreign minister said Germany, France and the UK are ready to enter negotiations with Iran.

U.S. DOE approved an emergency exchange of up to 400,000 barrels of crude from the SPR to address a supply disruption to Phillips 66's Lake Charles refinery in Louisiana.

DeepSeek has completed roughly RMB100 billion in new financing (~$15bn), a record single-round raise in the China AI sector, multiple lead investors confirmed. The round target was increased from RMB80bn to RMB100bn; incumbent backers CATL and Tencent were main participants, with IDG Capital, Lisi Capital and Shixiang Capital continuing to follow. New investors are predominantly industry capital, including Lenovo-linked Junlian Capital, GigaDevice-linked Shixi Capital, Geely Auto industrial fund, SMIC Juyuan and later entrant Hengdian Capital.